EarthLink gets lift from CIBC upgrade

MichaelBaron

EarthLink
elnk
is rising 62 cents, or 11.2 percent, to $6.16, after CIBC World Markets initiated coverage of the company's shares with a "strong buy" rating and set a price target of $8. The firm said that EarthLink's strategy of "leveraging high quality customer care and the integration of its diverse platforms fits perfectly with our industry thesis of network-centric computing, horizontal segmentation, and niche providers." CIBC thinks that Earthlink will be able to steal market share from its peers, including America Online, the Internet unit of AOL Time Warner
aol

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